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Feb 1, 2013 4:00am PST
firm challenger gray and christmas says it suggests that the economy is heading upward in the early part of the year. we won't have to worry about the debt ceiling for a few months. the senate approved a bill yesterday for a short-term suspension of the debt limit until may 19th, easing fears of a government default. the president is expected to sign it soon. the bill also includes an incentive for lawmakers to create a budget by april 15th - or go without pay. mortgage rates are on the rise. according to freddie mac, 30- year rates surpassed 3.5% for the first time in nearly four months. the average 30-year fixed rose to 3.53%, up from 3.42% last week. the 15-year fixed jumped to 2.81% from 2.71%. the company allegedly behind robo signing mortgages is paying a $120-million settlement. 46 states will recieve a share of the payout. the company, lender processing services, is accused of wrongfully foreclosing on homes when people should have been allowed to stay. the company is accused of using robo-signing to automatically sign documents without proper review. shares of lender proces
Feb 4, 2013 4:00am PST
. an economy's growth is determined by how many people work, how hard they work, and how efficient they are. and in order to get an economy going, you need that type of an environment, so this is a good number. > economics 101. let me ask you about the participation rate. we haven't talked about that. but it is there every month. and there is some significant data there. > > sure. i guess the most significant thing that we are witnessing now is that people are staying in the workforce longer. so if you actually look at people who are above age 65 or even above age 60, you are seeing that they are participating in the labour force much longer than they had in the past. and that is actually a decent thing longer- term. > now, that is not necessarily for economic reasons. we are living longer after all. > > sure. we are living longer, all kinds of factors are weighing in, and i think people are just less confident in retirement, and they want to make sure they still have an income stream. probably some of that even has to do with low fixed income rates these days. in order to collect some inco
Jan 31, 2013 4:00am PST
the economy's surprising downturn in the 4th quarter, and why traders are not overly concerned. in today's cover story, name changer at "blackberry." will the corporate makeover help to turn around the company? bulls and bears are at odds over the dow's chances of heading above the critical 14,000 level. plus, the co-ceo of whole foods dishes about hot corporate topics. and, can zombies bring new life to the box office? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's thursday, january 31st, the final trading day of the month. in today's first look: stocks pull back. the dow toned down its march to 14,000. traders and investors took money off the table as gdp came in weaker than expected for the 4th quarter. instead they put money into gold and oil. facebook's wild night: shares initially dropped 10% on earnings that topped wall street's expectations, then turned around and rallied back with a gain. as lawmakers consider gun laws, the nra reports membership is up a half millio
Jan 29, 2013 4:00am PST
to our local economy. > >thanks for your time, that's kelly smallridge, ceo of palm beach county's business development. just ahead-- if you think big industrial companies are are in for a comeback... there's a stock you might want to consider. chart talk is next. ÑçÑçÑnÑmÑñoÑmÑw?çç > fastenal. nascar fans might see it sponsor a race car team and all things industrial. those little patches in the heartland--those industrial areas---they're all served by one of these companies' stores that sells of course fasteners which are important in any kind of industrial production but also all the sundry items that go into any plants like carbide tips, sanding wheels. all sorts of elements come out of these stores that cover the country. the company is expanding worldwide.this market's doing really well. you gotta look at the strong performers in your portfolio. companies that are highly differentiated have specific strong bus
Search Results 0 to 3 of about 4